M-Grass Ecology And Environment (Group) Co (SZSE:300355) Total Assets : ¥15,383 Mil (As of Mar. 2024)

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What is M-Grass Ecology And Environment (Group) Co Total Assets?

M-Grass Ecology And Environment (Group) Co's Total Assets for the quarter that ended in Mar. 2024 was ¥15,383 Mil.

During the past 12 months, M-Grass Ecology And Environment (Group) Co's average Total Assets Growth Rate was -7.60% per year. During the past 3 years, the average Total Assets Growth Rate was -0.50% per year. During the past 5 years, the average Total Assets Growth Rate was 1.30% per year. During the past 10 years, the average Total Assets Growth Rate was 24.70% per year.

During the past 13 years, M-Grass Ecology And Environment (Group) Co's highest 3-Year average Total Assets Growth Rate was 75.80%. The lowest was -0.50%. And the median was 48.70%.

Total Assets is connected with ROA %. M-Grass Ecology And Environment (Group) Co's annualized ROA % for the quarter that ended in Mar. 2024 was -0.75%. Total Assets is also linked to Revenue through Asset Turnover. M-Grass Ecology And Environment (Group) Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

M-Grass Ecology And Environment (Group) Co Total Assets Historical Data

The historical data trend for M-Grass Ecology And Environment (Group) Co's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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M-Grass Ecology And Environment (Group) Co Total Assets Chart

M-Grass Ecology And Environment (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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16,453.73

15,340.58

16,010.93

16,072.44

15,937.34

M-Grass Ecology And Environment (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															15,741.75	15,822.73	15,415.09	15,937.34	15,383.03

M-Grass Ecology And Environment (Group) Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

M-Grass Ecology And Environment (Group) Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	5915.429	+	10021.906
	=	15,937

M-Grass Ecology And Environment (Group) Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	5885.035	+	9497.996
	=	15,383

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Total Assets Explanation

Total Assets is connected with ROA %.

M-Grass Ecology And Environment (Group) Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-117.244	/	( (15937.335	+	15383.03)	/ 2 )
	=	-117.244	/	15660.1825
	=	-0.75 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

M-Grass Ecology And Environment (Group) Co's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	163.122	/	( (15937.335	+	15383.03)	/ 2 )
=	163.122	/	15660.1825
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

M-Grass Ecology And Environment (Group) Co Total Assets Related Terms

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M-Grass Ecology And Environment (Group) Co (SZSE:300355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » M-Grass Ecology And Environment (Group) Co Ltd (SZSE:300355) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

No. 71 West Yindu building B block 3 layer, Inner Mongolia City College of Hohhot, Huhehot, CHN

Website

http://www.mengcao.com

M-Grass Ecology And Environment (Group) Co Ltd, formerly Inner Mongolia M-Grass Ecology and Environment (Group) Co Ltd is an ecological restoration company. It provides services to industry in ecological restoration, water gardens, eco-ranch, pasture seed industry, and modern grass industry. Geographically operates through China.

Executives

Wang Zhao Ming	Director
Jiao Guo Shan	Director
Xu Yong Li	Director
Wang Yuan Yuan	Executives
Wang Jian Jun	Executives
Zhang Zhen Hua	Independent director
Li Jin Xia	Independent director
Xing Wen Rui	Directors, executives
Huang Fu Sheng	Executives
Guo Li Xia	Supervisors
Sun Xian Hong	Director
Zhao Yan	Director
Hao Yan Tao	Supervisors
Yang Yong Sheng	Supervisors

M-Grass Ecology And Environment (Group) Co (SZSE:300355) Headlines

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